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And he scored Euro $1.052175, traded in a narrow range during Asian trading hours, but was close to a two-year low of $1.03315, touched in late November as traders braced for developments in France.
French opposition leaders toppled the government on Wednesday, leading to the country’s second-largest economic power… European Union To a deeper political crisis that threatens its ability to legislate and control a huge budget deficit.
Charlotte de Montpellier, an economist at ING Financial Group, told Reuters: “The fall of the government means that the state of political uncertainty will continue and will continue to affect the economy.” Corporate trust And consumers.”
She said at a parliamentary hearing held on Wednesday Christine Lagarde President European Central Bank that Economic growth The Eurozone could be weaker in the coming months, with downside risks dominating medium-term expectations.
get up Yen Somewhat at 150.345 against the dollar, as investors await the chances of the Bank of Japan raising rates Interest Later this month. Markets have a 60 percent chance of raising interest rates in December.
In the United States, investor confidence in interest rate cuts remained strong despite comments from the Reserve Bank president Federal Jerome Powell A batch of economic data released overnight showed activity in the services sector slowed in November after making gains in recent months.
Powell said Wednesday that the economy is now stronger than he expected Central bank In September, when it began cutting interest rates in an apparent signal of its support for a slower pace of future rate cuts.
And he scored Dollar index Which measures the US currency against six competing currencies, 106.27.
And he was a witness a pound Sterling Little changed at $1.2709.
In the cryptocurrency markets, Bitcoin breached the $100,000 barrier in morning trade in Asia, hitting $103,000 and advancing further to $103,335.
According to CoinGecko, the total value of the cryptocurrency market has nearly doubled in the past 12 months to hit a record of just under $3.8 trillion.
By contrast, Apple alone is worth about $3.7 trillion.
Bitcoin’s value has more than doubled this year and is up about 45 percent in the four weeks since Trump’s landslide election victory, which was also accompanied by the election of a large number of pro-crypto lawmakers to Congress.